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PRESIDENTIAL DECREE NO. 1081
PRESIDENTIAL DECREE NO. 1081 -
AMENDING PRESIDENTIAL DECREE NO. 415 DATED MARCH 19, 1974, ENTITLED,
"AUTHORIZING THE SECRETARY OF NATIONAL DEFENSE TO ENTER INTO DEFENSE
CONTRACTS TO IMPLEMENT PROJECTS UNDER THE SELF-RELIANT DEFENSE PROGRAMS
AND FOR OTHER PURPOSES"
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chanroblesvirtualawlibrary
Section 1
of Presidential Decree No. 415 dated March 19, 1974, is hereby amended
to read as follows: chanroblesvirtualawlibrary
"Sec. 1. The Secretary of National Defense, in
behalf of the Government of the Republic of the Philippines, is hereby
authorized to enter into contracts, under such terms and conditions as
may be agreed upon, with any natural or juridical person, with or
without public bidding, for the manufacture or procurement of supplies,
equipment, or components thereof, facilities, utilities and
appurtenances thereto which are necessary for the manufacture,
servicing, or operating of such supplies, equipment or components
thereof needed for national defense and covered by the Self-Reliant
Defense Program approved by the President of the Philippines; Provided,
that accrued interests of Bank Guarantee Deposits made with PVB and PNB
( or any authorized banking institution) in favor of the SRDP Defense
contractors covering the amounts stipulated in above mentioned
contracts shall automatically be reverted to SRDP funds for utilization
within the program; Provided that the Program of Expenditure shall be
submitted to and approved by the Secretary of National Defense;
Provided further that these accounts have been properly accounted for
and reported to the Budget Commission and the Commission on Audit; any
provision of law, including Section Six Hundred and Seven of the
Revised Administrative Code, Commonwealth Act Numbered Five Hundred
Forty-one, Act Numbered Four Thousand Two Hundred Thirty-Nine, Republic
Act Numbered Five Thousand One Hundred eighty- three and other related
laws to the contrary notwithstanding." chanroblesvirtualawlibrary
This Decree shall take effect immediately.
Done in the City of Manila this
1st day of February in the year of Our Lord nineteen hundred and
seventy-seven.
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